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Overview

Leadership Team

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Mr. Nguyen Thanh Long graduated from Nguyen Ai Quoc 2 School with a Bachelor of Commerce in Economics and a course in advanced political theory.

Mr. Nguyen Thanh Long was previously the General Director of the Saigon Jewelry Company (SJC), Chairman of the Board of Directors of the Vietnam Import-Export Commercial Joint Stock Bank (Eximbank), and Chairman of the Board of Directors of Rong Viet Securities Joint Stock Company (VDSC).

Mr. Nguyen Thanh Long is currently the Chairman of the Board of Directors of Bao Long Insurance Corporation, as well as the Vice Chairman of the Board of Directors of Asia Commercial Joint Stock Bank (ACB).

MR. NGUYEN THANH LONG

Chairman of Board of Directors

Mr. Phan Quoc Dung graduated in Marine Engineering and the post-graduate program of Fulbright Applied Economics university.

Mr. Phan Quoc Dung held various positions such as Head of Marine Department, Chief underwriting Offìce, Head of Property & Engineering Department, Deputy Director of Bao Minh Transaction Office, Director of Bao Minh Ben Thanh. Mr. Dung was CEO of Vien Dong Insurance Corporation, CEO of GNT Vietnam, Deputy CEO of Jardine Lloyd’s Thompson Insurance Broker.

Currently, Mr. Phan Quoc Dung is a Standing Vice Chairman of BOD cum CEO of Bao Long Insurance Corporation.

MR. PHAN QUOC DUNG

Standing Vice Chairman of Board of Directors cum CEO

Mr. Nguyen Van Hung earned a bachelor's degree in finance and banking before enrolling in the Fulbright Graduate Program in Applied Economics.

Mr. Nguyen Van Hung previously worked for the Vietnam Bank for Industry and Trade; Saigon Commercial Joint Stock Bank (SCB), where he held the positions of Deputy Director of An Dong Branch, Head of Deposit and Savings Department Head Office, Head of Capital Resources and Foreign Exchange Department Head Office, Chief Accountant Head Office, and Deputy General Director of Saigon Commercial Joint Stock Bank (SCB).

Mr. Nguyen Van Hung is currently the Vice Chairman of the Board of Directors of Bao Long Insurance Corporation, as well as the Deputy General Director in charge of the Accounting Division and the Chief Accountant of Saigon Commercial Joint Stock Bank.

MR. NGUYEN VAN HUNG

Vice Chairman of Board of Directors

Ms. Pham Minh Cham is a member of the Association of Chartered Certified Accountants and holds a bachelor's degree in accounting and auditing from National Economics University (ACCA).

Ms. Pham Minh Cham previously worked for Ernst & Young Vietnam Co., Ltd. as the Audit Head of the Finance and Banking Division.

Currently, Ms. Pham Minh Cham holds the position of Member of BOD cum Vice CEO of Bao Long Insurance Corporation.

MS. PHAM MINH CHAM

Member of the Board of Directors cum Vice Chief Executive Officer

Mr. Lai Quoc Phong graduated with a Master of Finance from the University of Michigan and a Master of Law from St. Thomas University College of Law, USA.

Mr. Phong has 27 years of experience in the feld of Finance and has held many positions such as Chief Financial Officer, Chairman of the Members' Council, and General Director of enterprises.

Mr. Lai Quoc Phong is currently holding the position of Chairman of the Board of Members and General Director of Nikko Ventures Co., Ltd.

MR. LAI QUOC PHONG

Member of the Board of Directors

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Sustainable Development

On July 11, 1995, Bao Long Insurance Joint Stock Corporation, known as Nha Rong Insurance Joint Stock Company, was founded and officially launched into the insurance market.

The Ministry of Finance has issued Bao Long the Certificate No. 05TC/GCN, confirming eligibility and conditions for insurance business activities. Bao Long is Vietnam's first joint-stock company to operate in the sector of non-life insurance.

On May 14, 2012, the Ministry of Finance issued Adjustment Certificate No. 05/GPĐC16/KDBH, approving the renaming of Nha Rong Insurance Joint Stock Company to Bao Long Insurance Joint Stock Corporation (Bao Long).

With 28 years of operation and development, Bao Long has successfully met all insurance demands of clients. It boasts a network of 46 member companies, nearly 1000 insurance agents, and demonstrates solid financial capacity, along with a professional and experienced staff.

INFORMATION OF BAO LONG INSURANCE CORPORATION
International name BAO LONG INSURANCE CORPORATION
Transaction name BAO LONG INSURANCE
Abbreviation name BẢO LONG
Business Registration Certifcate No Certifcate No 059614 registered on 2 August 1995 issued by Ho Chi Minh City Department of Planning and Investment (formerly known as Ho Chi Minh City’s Committee of Planning)
Address 185 Dien Bien Phu Street, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
Telephone Number (84.28) 38 239 219
Fax (84.28) 38 228 967
Website www.baolonginsurance.com.vn
Transaction account 156 01 0126637 0001 Saigon Commercial Bank (SCB) – Pham Ngoc Thach Branch, HCMC
Charter Capital 600.000.000.000 VND (Six hundred billion VND)

VISION, MISSION, CORE VALUES

VISION

To become one of the most trusted insurance companies

MISSION

To create a peaceful and prosperous community

CORE VALUES

  • Person-centered
  • Righteous staff
  • Constantly innovating

COMMITMENTS

TO OURSELVES

Constantly striving, innovating, and improving.

TO PARTNERS

Long-term cooperation, sharing the goal of mutual development.

TO SHAREHOLDERS

Maximizing values and advantages for shareholders.

TO SOCIETY

Comply with the law, participate actively in community events, and contribute to the improvement of society.

TO EMPLOYEES

Building a friendly, dynamic, and professional working environment, ensuring fair treatment, and facilitating development for all employees.

TO CLIENTS

Understanding clients’ demands; Providing well-crafted solutions; Ensuring fast & accurate service delivery.

COMPANION - SHARING

Bao Long has been constantly improving to bring the best services to clients. Along with Vietnam’s economic development, Bao Long has been happy to accompany Vietnamese investors to expand the insurance market to regional countries such as Laos, Cambodia, and Myanmar.

Operation Network

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TOTAL SUBSIDIARIES

46 Companies
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TOTAL INSURANCE AGENTS NATIONWIDE

~1,000 Insurance Agents
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TOTAL TRANSACTION POINTS

230 Transaction Points

ESTABLISHMENT AND DEVELOPMENT History

year bg 1995
On July 11, 1995, Bao Long Insurance Joint Stock Corporation (previously known as Nha Rong Insurance Joint Stock Company) was founded and began operations. Bao Long was the first insurance JSC operating in Vietnam's non-life insurance field.
year bg 2012
On May 14, 2012, the Ministry of Finance issued Amended License No.05/GPĐC16/KDBH to approve the re-branding of Nha Rong Insurance JSC into Bao Long Insurance Corporation.
year bg 2013
In 2013, Bao Long expanded the business network by establishing 6 more member units, increased total member units of Bao Long to 19 units.
year bg 2014
The year 2014 marks a watershed moment for Bao Long, as the shareholder structure undergoes significant changes. On April 14, 2014,The Ministry of Finance approved the establishment and operation license No. 71/ GP/KDBH approving Saigon Commercial Joint Stock Bank to become a strategic shareholder of Bao Long. Bao Long added two additional member units this year, bringing the total to 21.
year bg 2015
On December 11, 2015, over 40.3 million shares of Bao Long Insurance Corporation (CPs) were officially traded on UPCom, with stock code BLI.
In the same year, Bao Long celebrated 20th anniversary and enlarged charter capital to 404 billion VND, established 9 more member units to its total of 30. Bao Long also was honored to earn the award “Best Insurance Service in Vietnam 2015” voted by the UK’s Global Banking and Finance Review Awards.
year bg 2016
Bao Long continued to increase charter capital from 404 billion VND to 500 billion VND according to the amended license No.71/GPD9C9/KDBH issued by Ministry of Finance, established 11 more member units, and raised its total to 41.
In 2016, Bao Long was honored to be voted as TOP 10 Most Prestigious Insurance Company in Vietnam.
year bg 2017
On April 7, 2017, Bao Long officially enhanced its charter capital from VND 500 billion to VND 600 billion according to the Adjustment License No. 71/ GPDC18/KDBH issued by the Ministry of Finance. In the same year, Bao Long established 05 more branches, increased total branches to 46 and continued to receive award TOP 10 Most Prestigious Insurance Company.
year bg 2018
With the objective of CHANGE TO REACH NEW HEIGHTS, Bao Long achieved a remarkable revenue of 1,092 billion VND, exceeding the threshold of 1,000 billion VND, and recording Bao Long's new height in the Vietnam insurance market. This is an important advancement toward the goal of 2,000 billion VND company in 2022 according to the strategy approved by GMS.
year bg 2019
In 2019, Bao Long continued to strengthen the organizational structure, and segmenting for business operations into 2 regional business centers and 9 regions stretching from North to South.
year bg 2020
Bao Long marked the 25th anniversary by many outstanding activities such as the successful organization of the talk show "Creating a Peaceful and prosperous community", the implementation of the promotional program "Bao Long - For a peaceful and prosperous community", and the launch of the product package for international cancer treatment named Global Cancer Care under the program "Bao Long - Our attention on you", as well as numerous other community-oriented activities. Bao Long has been honored to receive the Top 10 ASEAN Strong Brands and Vietnam Trust & Use Brand awards.

Bao Long has been honored to receive the Top 10 ASEAN Strong Brands and Vietnam Trust & Use Brand awards.
year bg 2021
In 2021, Bao Long has consolidated the executive team, launched several products and services under international quality, and focused on digital media coverage.
Bao Long has been honored to receive Top 10 Vietnamese Strong Brands and Top 10 ASEAN Strong Brands.
year bg 2022
Bao Long has constantly strengthened the executive team as well as seek and developed the sales team with many HR support programs. Besides, the training of human resources with an experienced, and professional knowledge team in consulting for clients has focused on enhancing.

Bao Long has been honored to receive Top 10 Vietnamese Strong Brands and Top 10 Good Quality Products Trusted by Vietnamese.
year bg 2023
In 2023, Bao Long established Business Centers in key areas to expand the business development and client network. In addition, Bao Long also adjusted and consolidated the operations of the human resources apparatus, focusing on training and nominating personnel to participate in professional certification exams according to regulations of the Ministry of Finance to perfect knowledge and skills of human resources. Bao Long was honored to receive the awards of Top 10 Strong Brands in Vietnam, and Top 500 Largest Enterprises in Vietnam.

SHARES AND SHAREHOLDERS Information

CHARTER CAPITAL IN 2023

600 Billion VND

SHARES INFORMATION

On December 31, 2023:

  • Stock’s name:
    BAO LONG INSURANCE CORPORATION STOCKS

  • Charter capital:
    600,000,000,000 VND

  • Owner's equity:
    600,000,000,000 VND

  • Outstanding shares:
    59,999,474 shares

  • Treasury shares: 526

  • Par value share:
    10,000 VND/share

  • Number of listed shares:
    60,000,000 shares

SHAREHOLDERS STRUCTURE

Classified by domestic and foreign shareholders as of December 31, 2023

Item Domestic Foreign Total
Shares % Charter capital Shares % Charter capital Shares % Charter capital
Individual 5,441,410 9.1% 109,888 0.18% 5,551,298 9.25%
Institution 54,081,449 90.1% 367,253 0.61% 54,448,702 90.75%
Total 59,522,859 99.2% 477,141 0.8% 60,000,000 100%

Classified by major shareholders (form 5% or more) as of December 31, 2023

Shareholder name Share holding (shares) Ration (%)
Saigon Commercial Joint Stock Bank (SCB) 49,082,342 81.80%
Vietnam Export Import Commercial Joint Stock Bank (Eximbank) 3,903,651 6.51%
Other shareholders 7,013,481 11.69%
Total 59,999,474 100%
Cơ cấu cổ đông

SHAREHOLDERS STRUCTURE

as of December 31, 2023

  • Domestic shareholder
  • Foreign shareholder
Cơ cấu cổ đông

SHAREHOLDERS STRUCTURE

as of December 31, 2023

  • Individual shareholder
  • Individual shareholder
Cơ cấu cổ đông

SHAREHOLDERS STRUCTURE

as of December 31, 2023

  • Individual shareholder
  • Domestic Individual shareholder
  • Foreign Institutional shareholder
  • Foreign Individual shareholder
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2023 Highlights

In 2023, the whole world faced many challenges in the economy as well as a remarkable transformation in technology. Bao Long also officially entered the first year of implementing a new business strategy, starting a new journey with advances from a solid foundation.

03/2023 20

Bao Long Insurance successfully organized the event "Potential Leadership Conference" for Deputy Directors and Department Heads from all units and departments nationwide to organize training for individuals with potential skills and qualities in managing and guiding Bao Long's future team

01/2023 02

At the start of the New Year, Bao Long's Board of Directors visited the Head Office as well as Member Units throughout the system to provide encouragement and share New Year's wishes filled with hope.

06/2023 30

On June 30, 2023, Bao Long Insurance Joint Stock Corporation (Bao Long) successfully organized the 2023 Annual General Meeting of Shareholders with the participation of leaders including members of the Board of Directors, the Supervisory Board, the Board of Management and shareholders of Bao Long.

07/2023 11

On July 11, 2023, Bao Long successfully organized the 2023 Annual Summary Conference at Headquarters with the participation of Leaders throughout the system. At this ceremony, the General Director summarized implementation activities for 5 years (2018 - 2023) and awarded individuals with outstanding and remarkable achievements.

08/2023 12

Football is a sport known as the king sport. The staff who love this king sport were happy and actively participated in the Insurance Open Cup 2023 tournament starting from July 29 to August 12, 2023. Bao Long has introduced a variety of sports activities for employees, including Yoga, Zumba, and internally organized jogging competitions, to encourage them to increase their physical activity.

04/2023 16

On April 16, 2023, Bao Long was honored at the 2023 National Strong Brand Announcement Ceremony by the Asian Industry Information Association (AIPA), Anti-Counterfeit Center, Anti-Counterfeit and Trade Protection Association organized in coordination with international organizations.

10/2023 19

On October 19, 2023, Bao Long offcially signed a cooperation agreement with Medici Insurance to launch the new product "Countless Happy Sounds" which was widely sold nationwide through agent channels as well as online sales through devices.

01/2024 18

Bao Long was honored to receive the award of Top 500 largest Vietnamese enterprises in 2023 - according to the Fortune 500 model organized by Vietnamnet online newspaper.

Shareholders And Partners

SHAREHOLDERS: Bao Long is honored to have shareholders being prestigious organizations in the fields of banking, finance, insurance, and services in Vietnam. Currently, Vietnam Commercial Joint Stock Export Import Bank (Eximbank), and Saigon Joint Stock Commercial Bank (SCB) are the major shareholders of Bao Long.
PARTNERS: During the journey of trading insurance, Bao Long is honored to collaborate with major partners in many different fields such as: Banking; Traditional insurance distribution channels; Non-traditional insurance distribution channels, digitizing personal insurance products; Reinsurance.
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THE AWARDS

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Organizational Structure

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Risks And Risk Management

Deploying and maintaining the enterprise risk management framework, not only helps businesses create an effective tool but also generates new value and preserves existing value for the business.
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